Binance Futures is expanding its derivative offerings with the launch of two new USD perpetual contracts, Pundixusdt and Ctkusdt. Both contracts offer leverage up to 75 times more.
Binance Futures launches permanent contracts for Pundixusdt and Ctkusdt with up to 75x leverage
The new contract is scheduled to be released at 13:15 on April 30th at 13:00 on Pundixusdt and Ctkusdt. As part of Binance’s efforts to increase trading flexibility and market depth, these contracts will also be available for futures copy trading within 24 hours of launch.
The maximum funding rate for each contract is +2.00%/-2.00%, with funding fees being incurred every four hours.
These additions are part of Binance’s ongoing strategy to diversify its offerings and provide investors with greater exposure to the new Altcoin market. Pundix (Pundi X) and CTK (Certik) are notable intermediate cap tokens for their roles in blockchain security and decentralized POS solutions, respectively.
Binance advised users to refer to the Futures Copy Trading FAQ page for details on available trading pairs and how to participate in copy transactions.
This move comes as it continues to strengthen its derivatives platform amidst a competitive crypto trading situation, following the recent launch of contract lists and features for advanced traders.
*This is not investment advice.